Footbo Raises $2.5 Million and Launches Fantasy Baseball

Footbo is an interactive sports company that has raised $2.5 million from Pitango. Pitango invested a total of $4.5 million in Footbo. Footbo has recently launched a new website called 11Runs, which is a fantasy baseball website. 11Runs runs quick weekly competitions and offers cash prizes. Footbo is expected to launch an iPhone application next week and they are working on an Android app too. Footbo stated in 2007 by co-founder and CEO Mani Honigstein. [TechCrunch]

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